Technical analysis for Ianuary 20, 2009

* the possibility of pair return to(supports or resistance), where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.3080/1.3100 support

For sells on condition of formation of topping signals the targets will be 1.3020/40, 1.2960/80 and/or further breakout variant up to 1.2900/20, 1.2820/40, 1.2760/80.

An alternative for buyers will be above 1.3200 with targets 1.3260/80, 1.3320/40, 1.3380/1.3400.

GBPUSD:
*Range 1.4320/40 resistance

For sells on condition of formation of topping signals the targets will be 1.4240/60, 1.4160/80, 1.4080/1.4120 and/or further breakout variant up to 1.4000/20, 1.3940/60, 1.3840/60, 1.3720/40.

An alternative for buyers will be above 1.4440 with targets 1.4480/1.4520, 1.4580/1.4600, 1.4720/40.

USDJPY:
*Range 90.90/91.10

For short-term sells on condition of formation of topping signals the targets will be 90.20/40, 89.80/90.00 and/or further breakout variant up to 89.20/40, 88.60/80.

An alternative for buyers will be above 91.40 with targets 91.80/92.00, 92.40/60, 93.20/40, 94.00/20.